A Hot Wheels Idea for Looking at the Distribution of Household Wealth in Mexico 1984-2010

It is clear that how well off people are, is not only a matter of income, but also a matter of wealth, in both absolute and relative terms. Using an almost non-observed data approach, Davies et al. (2006) estimated the household wealth and its distribution for a basket of countries for the year 2000. For this year, the reported wealth Gini for Mexico was 0.748. Using information from automobiles and other consumer durables from each of the electronically available National Survey of Household Income and Expenditure, we approximated wealth Ginis for each sample. We obtained almost equal figures for 2000, which is a welcomed statistical coincidence. The rest of wealth Ginis allowed us to find out its trend for the analyzed period. It suffices to say that, statistically speaking, we live in an almost perfectly unequal world, of which Mexico is a clear example